February 4, 2014 – Rochester, NY
–Vuzix®
Corporation (OTCQB:
VUZI), a leading supplier of
Video Eyewear and Smart Glasses products in the enterprise and
consumer markets, today announced a strategic partnership,
development, sales and marketing alliance with
Wikitude™
GmbH (Salzburg, Austria), one of the largest Augmented
Reality (AR) software technology providers in the world.

The alliance with Wikitude means that more than 35,000
registered worldwide developers can now easily create AR apps
optimized for the entire current and future line of Vuzix smart
glasses, including the recently introduced M100. The alliance means
that Wikitude will also be reselling and bundling its software with
Vuzix M100 smart glasses to their growing customer base.

In the form of an AR Software Development Kit, Wikitude
provides a complete suite of augmented reality technology to
software app developers, including a geo-based AR
engine, image recognition/tracking services as well as 3D
model presentation capabilities. This core technology provides
every component necessary to create deep and engaging Augmented
Reality experiences and apps.

“Vuzix is very excited to be partnered with Wikitude and
we look forward to a long and successful alliance between our
companies as we combine forces to make AR a household name among
businesses and consumers alike,” said Paul Travers, CEO of
Vuzix.

“Developers and companies looking to build augmented
reality applications for hands free operation now have a product
combination that is built to work in sync. Best of all, both
hardware and software are available today." says Andy Gstoll, CMO
Wikitude.

About Vuzix Corporation

Vuzix is a leading supplier of Video Eyewear and Smart Glasses
products in the consumer, commercial and entertainment markets. The
Company's products include personal display and wearable computing
devices that offer users a portable high quality viewing
experience, provide solutions for mobility, wearable displays and
virtual and augmented reality. Vuzix holds 36 patents and 12
additional patents pending and numerous IP licenses in the Video
Eyewear field. The Company has won Consumer Electronics Show (or
CES) awards for innovation for the years 2005 to 2014 and several
wireless technology innovation awards, among others. Founded in
1997, Vuzix is a public company (VUZI:QB) with offices in
Rochester, NY, Oxford, UK and Tokyo, Japan.

About Wikitude®

Wikitude GmbH. headquartered in Austria, is the renowned pioneer
of mobile augmented reality (AR) technology and the company behind
a number of award winning AR solutions for smartphones, tablets and
wearable display technology. Its fully in-house developed AR
solution is available in the
Wikitude AR
SDK and
Wikitude Studio, and is
already enabling thousands of apps, brands, agencies, developers
and AR enthusiasts. With more than 35,000 registered accounts and
5,000 AR apps, Wikitude is one of the leading AR communities in the
world. The company chairs the international AR technology
standardization as part of the Open Geospatial Consortium (OGC).
Wikitude® is a registered trademark of Wikitude GmbH, for more
information please visit:
www.wikitude.com

Forward-Looking Statements Disclaimer

Certain statements contained in this news release are
"forward-looking statements" within the meaning of the Securities
Litigation Reform Act of 1995 and applicable Canadian securities
laws. Forward looking statements contained in this release relate
to future product releases, including the M100 and its
capabilities, news opportunities, the Company’s ability to
capitalize on new opportunities with Wikitude and its developers,
sales and marketing efforts of the two companies, and the value of
the IP portfolio, among other things, and the Company's leadership
in the Video Eyewear and AR display industry. They are generally
identified by words such as "believes," "may," "expects,"
"anticipates," "should" and similar expressions. Readers should not
place undue reliance on such forward-looking statements, which are
based upon the Company's beliefs and assumptions as of the date of
this release. The Company's actual results could differ materially
due to risk factors and other items described in more detail in the
"Risk Factors" section of the Company's Annual Reports and MD&A
filed with the United States Securities and Exchange Commission and
applicable Canadian securities regulators (copies of which may be
obtained at
www.sedar.com or
www.sec.gov ).
Subsequent events and developments may cause these forward-looking
statements to change. The Company specifically disclaims any
obligation or intention to update or revise these forward-looking
statements as a result of changed events or circumstances that
occur after the date of this release, except as required by
applicable law.